Knexus gets DC Capital's backing

Knexus, a provider of enterprise artificial intelligence technologies for government agencies, has sold a majority stake of the company to private equity firm DC Capital Partners.

Founded in 2006, Knexus carries out research-and-development work in AI with the goal of creating new autonomy and decision support systems to aid initiatives in national science and technology. Knexus describes itself as focusing on applied AI capabilities, for which it holds three patents and has published roughly 100 peer-reviewed scientific papers.

With this transaction announced Monday, Knexus is looking to further scale its capacity to produce AI offerings for wider usage and shorten the time needed from development to fielding. Financial terms were not disclosed.

"Over the last several years, our team has made meaningful progress building a modern applied AI platform purpose-built for government missions,” Knexus’ chief executive Adam Lurie said in a release.

Knexus is an implementation partner for Google’s Gemini offering in the government landscape and holds a Premier Partner status in the global tech giant’s public sector partnership network.

"The U.S. government's focus on artificial intelligence continues to accelerate as agencies seek to modernize operations, improve readiness, and enable faster, more informed decision-making," said Thomas J. Campbell, founder and managing partner at DC Capital.

Vienna, Virginia-headquartered Knexus has recorded approximately $4.8 million in unclassified prime contract revenue over the trailing 12 months. The Defense Logistics Agency represents the lion’s share of that spend at 81% with the Navy next at 11%, according to USASpending.gov data. The National Institute of Standards and Technology makes up 7% of the spend.

DLA has used Knexus’ GAILFORCE generative AI platform to automate the process of generating reports of current military situations in a particular area. Knexus touts GAILFORCE as being able to ingest data, filter and analyze that data, generate insights, deliver personal reports, and allow users to ask questions about those “SITREP” reports.

For Knexus’ Navy customer, one use case of the technology has included the development of the AMORE tool for working with mission requests and estimates of situations. The Navy sought to gain fully deconflicted plans and schedules with straight-forward justifications, Knexus says on its website.

DC Capital’s other portfolio companies in the government market include Acuity International, C5MI, Digital Force Technologies, Michael Baker International, Owl Cyber Defense and Valkyrie Enterprises.